Student Information System Market Research Report: by Component (Software, Services), Deployment Mode (Cloud, On-Premises), Application (Financial Management, Student Management, Admission & Recruitment, Student Engagement & Support), End User (K- 12, Higher Education) – Global Industry Revenue Estimation Forecast to 2030

Market Overview

The global student information system market is estimated to generate $9,533 million in 2022, which is forecast to reach $33,246 million by 2030, growing at a CAGR of 16.9% between 2022 and 2030. The key factors driving the demand for these solutions include the growing interest in e-learning, digitalization of the education sector, and improving educational standards. Moreover, the rising adoption of cloud-based systems, with the advancements in data gathering and analysis techniques, is expected to drive the market in the coming years.

A student information system, student management system, school administration software, or student administration system is an information management system for educational establishments, used to manage learner data. It incorporates the administration, instructors, parents, and pupils. SIS gives educational institutions the ability to register learners for classes, record grades, analyze the transcripts of academic and extracurricular accomplishments, and track the results of their assessments.

Teachers, parents, scholars, and administrators can all access comprehensive data, such as learners’ names, grades, test results, attendance, and performance reviews, which are collected online via the SIS system. These technologies can be used at a school to collect data on individuals or the entire institution. Moreover, the platforms can be utilized to oversee numerous institutions on a district level.

Software Category Holds Major Revenue Share

The market is divided into software and services, based on component. The software category accounted for the larger revenue share, of around 72%, in 2022. This is due to the fact that educational institutions are increasingly looking for solutions that fit their internal processes and help them increase productivity. Thus, due to the rising emphasis on operational efficiency, student information system software is in great demand among educational institutions. Additionally, universities are using SIS to raise educational quality, while lowering the costs. These systems offer real-time analytics dashboards and make use of cutting-edge technology and best practices to attract, keep, and develop bright teachers, learners, and staff.

The services category will witness a considerable CAGR during this decade. Training, consulting, deployment, maintenance, integration, and support are among the various services offered by the players in the market. As SISs are designed to optimize the learning process for both students and teachers, educational institutions are deploying them across the entire ecosystem, from kindergarten to higher studies. Hence, with the growing demand for such software, the requirement for the related services will also grow, as this is an emerging technology and users are not really well-versed in it.

Cloud Deployment Becoming Widely Popular among Users

The cloud category held the larger revenue share, of 59%, in 2022, in the market due to the need for improved institutional agility, flexible access to solutions, and lower cost for data storage. Additionally, cloud-based solutions enable the efficient management of business processes and effective information delivery to learners, thus leading to improved stakeholder engagement, open access, and data security. Thus, there are greater chances for the growth in the deployment of cloud-based solutions due to the increasing requirement for a centralized system to manage enrolment and academic processes.

Over the projection period, the on-premises category is also expected to post a sizable CAGR. By offering more-secure data storage and effectively handling all aspects of learners' information, an on-premises student information system streamlines operations. Many parties involved in a school, including data administrators, staff, and students, can use these systems because they are connected to multiple applications that offer a variety of reporting and participation choices. It also makes it possible to administer the entire system and modify it to meet user needs.

Admission & Recruitment Applications Account for Largest Revenue Share

In 2022, the admission & recruitment category had the biggest revenue share—more than 32%. Several colleges and other learning institutions are integrating their disparate technology stacks into a single, integrated software solution. With the aid of data integration in a centralized database, the program assists institutions with the admission procedure, enrollment form collection, listing, admission of students, and other related formalities. A number of factors must be analyzed by colleges and universities around the world to decide whether to enroll students or not. One of the main aspects driving the market forward is the use of admission management software to fulfill this need.

It is expected that the financial management market will grow significantly, by 20.1%, during the next few years. This would be a result of the digitization of fee payments, usage of advanced analytics, simple customization, and need for lower administrative costs. Furthermore, these systems provide educational institutions with a wide range of tools to manage accounts more efficiently. Furthermore, SIS assists in managing and administering the financial facets, such as employee wages, tax computations, special allowances, deductions, gross pay, and net pay, at educational institutions.

Growing Adoption of Data Science in Higher Education Industry

In 2022, the higher education category's revenue share was above 63% of the total. The dominance of this market is driven by the rise in the adoption of podcasts, virtual reality headsets, and interactive whiteboards, the shift to digitized learning materials, and gamification. The scalability and flexibility offered by online learning platforms are also set to promote the category’s expansion in the coming years. For instance, the Grainger College of Engineering at the University of Illinois Urbana-Champaign announced a collaboration with IBM Corporation in June 2021 to support the college's initiatives to grow its workforce and conduct research in fields like AI, ML, quantum information technology, and environmental sustainability.

Over the forecast period, the K–12 category is expected to experience a CAGR of 15.9%. The main causes influencing this growth include the changing scholar demographics, increasing demand for skill-oriented education, and the rise of online and remote learning in developing regions, such as Asia-Pacific and Africa. Many K–12 student information systems have SMS capability, which makes it possible for parents and teachers to communicate directly. This enables the instructor to inform the parent about their child's intellectual and social progress at school. Additionally, the development of Next-Gen Digital Learning Environment (NGDLE) and the rise in the use of e-learning techniques in primary schools around the globe have prompted suppliers of student information systems to provide specific solutions for the K–12 demographic.

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North America Is Principal Revenue Contributor

In terms of revenue, the market for student information systems was dominated by North America in 2022, with a more than 34% share. Some of the emerging technologies that are fueling this increase are IoT, cloud, big data, and digital transformation, in general. North America enjoys the availability of the most-advanced SIS solutions. Increasingly, businesses are embracing this strategy as the advantages of SIS become clearer. The regional market is also advancing due to the rising need to create a trustworthy and safe structure between students and school administrations.

The North American region is set to be dominated by the U.S. in terms of revenue. The presence of the majority of the leading industry players is the primary growth driver for the industry in the country. The U.S. also benefits from both the launch of newer products by major vendors and the ongoing initiatives to update the existing student information systems with cutting-edge technologies. For instance, Jenzabar Inc., a U.S.-based provider of higher education software solutions, introduced Jenzabar Communications in October 2021 to assist universities in removing communication silos and connecting various departments on campus.

Over the projection period, Asia-Pacific is expected to become the region with the quickest growth. The governments of several nations in the region are making efforts to improve educational opportunities and literacy rates, which is expected to support market expansion over the long term. For instance, the University Grants Commission (UGC) of India declared in February 2022 that more than 900 autonomous colleges would start providing online courses in July 2022. In accordance with the National Education Policy (NEP) 2020, the Indian government hopes to reach a 50% gross enrolment ratio by 2035. Additionally, as educational institutions implement digital solutions to boost operational efficiency, the region is going to present significant chances for student information system vendors.

Top Players in Student Information System Market Are:

• Oracle Corporation
• Workday Inc.
• SAP SE
• PowerSchool
• Tribal Group
• Jenzabar Inc.
• Skyward Inc.
• Illuminate Education
• Ellucian Company L.P.
• Beehively
• Focus School Software
• Campus Management Corp.
• Foradian Technologies

Student Information System Market Size Breakdown by Segment

The report analyzes the impact of the major drivers and restraints on the market, to offer accurate market estimations for 2017–2030.

Based on Component

• Software
• Services

Based on Deployment Mode

• Cloud
• On-Premises

Based on Application

• Financial Management
• Student Management
• Admission & Recruitment
• Student Engagement & Support

Based on End User

• K- 12
• Higher Education

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • U.A.E.